{"id":16,"date":"2020-06-28T04:00:00","date_gmt":"2020-06-28T04:00:00","guid":{"rendered":"https:\/\/www.advantageserviceinsurance.com\/blog\/?p=16"},"modified":"2020-06-28T19:27:46","modified_gmt":"2020-06-28T19:27:46","slug":"understanding-umbrella-coverage-in-colorado","status":"publish","type":"post","link":"https:\/\/www.advantageserviceinsurance.com\/blog\/understanding-umbrella-coverage-in-colorado\/","title":{"rendered":"Understanding Umbrella Coverage in Colorado"},"content":{"rendered":"

Colorado has a great deal to offer, and our residents make the absolute most out of those offerings with scenic neighborhoods, beautiful homes, and the space to play with our toys in the great outdoors.  Owing to the world’s uncertainties, however, you want to make sure that all the things you have are protected, and where the importance of umbrella policy coverage becomes essential.  For Erie, CO residents looking for the most comprehensive insurance policy possible, we invite you to come to speak to our trusted agents at Advantage Service Insurance.<\/span><\/span><\/p>\n

Learning about Umbrella Insurance in Colorado<\/span><\/span><\/strong><\/h2>\n

What is umbrella insurance?  As its name implies, the purpose of umbrella coverage is to provide protection when your typical insurance policies bump up against maximum payout maximum.  As an example, assume you were in an auto accident where you were found at fault.  While your existing insurance provides coverage up to $250,000, the resultant damage and medical costs have racked up $640,000 in bills.   <\/span><\/span><\/p>\n

Under this scenario, you would be on the hook to pay an additional $390,000 to cover the total liability of the accident.  This is when umbrella insurance becomes critical.  In the above scenario, your umbrella coverage picks up where auto insurance policy stops at the $250,000 amount.<\/span><\/span><\/p>\n

Providing additional protection for bodily injury, property damage, and charges of negligence, in short, the purpose of umbrella coverage is to protect you from being financially wiped out in the event of a lawsuit.<\/span><\/span><\/p>\n

Contact Advantage Service Insurance in Erie, CO<\/span><\/span><\/strong><\/h3>\n

If you have questions regarding your overall insurance picture and wonder how a Colorado umbrella policy will provide protection should the worse occur, we invite you to talk to our friendly staff here at Advantage Service Insurance. We have the answers you need to make an informed decision regarding your overall insurance picture.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Colorado has a great deal to offer, and our residents make the absolute most out of those offerings with scenic neighborhoods, beautiful homes, and the space to play with our toys in the great outdoors.  Owing to the world’s uncertainties, however, you want to make sure that all the things you have are protected, and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6,5],"class_list":["post-16","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-advantage-service-insurance","tag-erie-co"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t